Energy markets posted gains in early July as a technical rebound followed recent declines, with attention shifting to supply fundamentals and major infrastructure investments.

Electricity Market Movements:

Elevated river temperatures in France have led to multiple nuclear reactor outages, reducing output and adding to supply concerns

Ofgem has approved a landmark £24bn investment to upgrade the UK’s energy infrastructure – the largest expansion of the high-voltage electricity network since the 1960s

Improved wind generation in the UK towards the end of the week has helped ease short-term power market pressure

Gas Market Movements:

LNG imports into the UK remain below typical levels as global competition intensifies, with Asia outbidding Europe for supply

The first LNG cargo from Canada’s new export terminal departed this week, expected to support European supply and reduce competition with Asia

Norwegian gas flows increased as most maintenance came to an end, boosting supply and offsetting gas for power demands.

At CES, we help organisations navigate market changes and make informed energy decisions with expert analysis and tailored procurement support.

Get in touch at [email protected] to learn how we can help your business stay ahead.